How to create Prior Year Adjusting Entries

How to create Prior Year Adjusting Entries

Step 1: Open the 'Adjusting Journal Entries' screen.

Step 2: Click the New Entry button to create a new 'Adjusting Journal Entry'.

Step 3: Enter or select the appropriate prior year date from the Date picklist.



Step 4: Complete the remaining details for the journal entry.

Note: Do not use Prior Period as the 'Period Type'. This is for monthly engagement files to adjust the previous month.

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